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Temasek Holdings Pte News

25 Mar 2015

Singapore Shipping Line NOL a Takeover Target?

Singapore's Neptune Orient Lines (NOL) may be shaping up as a takeover candidate, a report in Bloomberg said. The appeal of the shipping company that helped cement Singapore's status as a global trade hub has increased after it agreed to sell its logistics unit last month for US$1.2 billion to cut debt. Possibility of a sale may help Temasek Holdings Pte, the Singapore state's Sovereign Wealth Fund (SWF) that controls Neptune Orient, bolster returns. The $1.8 billion container line’s natural partner would be Orient Overseas International Ltd., controlled by the family of Hong Kong’s first post-colonial leader, according to Credit Suisse Group AG. Analysts project the company, which moves goods globally, will benefit from the U.S.

08 Aug 2010

Keppel to Deliver Fourth ENSCO 8500 Rig

Photo courtesy Keppel FELS

Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8503, the fourth of seven ENSCO 8500 Series semisubmersible drilling rigs being built exclusively for Ensco plc (NYSE: ESV). ENSCO 8503 is scheduled to commence a two-year primary term with Cobalt International Energy, L.P. in the Gulf of Mexico in early 2011. The rig was named at Keppel FELS by Lady Sponsor, Cynthia Bryant, spouse of Joseph H. Bryant, Chairman & CEO of Cobalt International Energy, L.P., in the presence of Guest of Honor, Ho Ching, Executive Director & CEO of Temasek Holdings Pte Ltd. Daniel W.

30 Jan 2006

P&O Shares Increase

Dubai Ports World raised its offer for the British port operation Peninsular and oriental steam Navigation Co. to almost $7 billion, beating an offer from Singapore's PSA International Ltd. The offer sent P&O's shares up almost 5 percent on January 27. P&O and DP World, which is owned by Dubai's government, had agreed to the $6.9 billion cash bid. The offer, which amounts to $9.26 per share, topped a $6.3 billion offer from PSA, a unit of Singapore's government-owned investment company Temasek Holdings Pte. P&O had recommended shareholders accept the Singapore bid before Dubai raised the stakes. Shares in P&0 were trading just below that level at $9.71 on January 27, up 4.6 percent, in London. (Source: AP)

23 Jan 2006

Keppel FELS Delivers Rig to ENSCO

Keppel FELS Limited (Keppel FELS) delivered ENSCO 107, a KFELS B Class design jackup drilling rig to ENSCO International Inc (ENSCO) one month ahead of contractual schedule and within budget. Guest-of-Honor, Mr. S. Dhanabalan, chairman of Temasek Holdings Pte Limited and Mr. Lim Chee Onn, executive chairman of Keppel Corporation Limited, were present to witness the christening ceremony, which came one day after Keppel FELS and ENSCO inked a new contract for the construction of a $338 million semisubmersible. The Lady Sponsor for ENSCO 107 was Mrs. Mieke Koenders, wife of Mr. Eisso Koenders, vice president of ENSCO Offshore International and unit manager for the Asia Pacific region.